$PROVE /USDT BULLS COOLING AFTER SPIKE – PULLBACK COULD EXTEND IF SUPPORT BREAKS

PROVE is trading at $1.3752, still up over 8% in the last 24 hours after a strong rally to $1.5980, but showing signs of profit-taking. Price has fallen below the 7 MA and is now testing short-term support. A break under $1.36 could trigger a deeper retracement, while holding this zone might allow buyers to attempt a rebound.

Trade Setup (Short-Term Short):

Entry: $1.37 – $1.38

Take Profits: $1.36 / $1.33 / $1.30

Stop Loss: $1.40

Market Outlook:

Momentum is slowing after a parabolic move, with moving averages starting to turn downward on the 1H chart. Bulls need to defend the $1.36 level to prevent sellers from pushing price further down toward the $1.30 zone.

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